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3 years ago

Does a business neceşsarily have obligations to anyone besides stockholders?

Business

1 answer:

Marina CMI [18]3 years ago

8 0

Answer:

of course. Business have obligations and duties towards many parties. we call these people "stake holders". in other words, they are either interested in the business and activities or are effected by the business activities.

for an example, the community and the environment the business operates in are stakeholders and the firm has responsibility to ensure an environmental friendly production and practices are carried out by the firm.

Government and tax authorities are another example. firm has to make sure that the required disclosures are made and proper taxes are paid timely.

Potential investors are another example, the company has to make sure that they disclose all the relevant and material information that may give signals about the companies future and its direction.

Explanation:

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Samuel, Inc. has Accounts Receivable of $110,000 and an Allowance for Doubtful Accounts of $17,000. If it writes-off a customer

Allushta [10]

Answer:

the net account receivable is d. $93,000

Explanation:

The computation of the net account receivable is shown below:

= (Account receivable - written off amount) - (Allowance for doubtful accounts - written off amount)

= ($110,000 - $1,700) - ($17,000 - $1,700)

= $108,300 - $15,300

= $93,000

Hence, the net account receivable is $93,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0

3 years ago

Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that

mixer [17]

Answer:$120,000

Explanation: multiply $500 and 12 and get 6,000 then multiply 6,000

then multiply 6000 and 20 and get 120,000

6 0

4 years ago

A company: purchased 100 units for $20 each on January 31, purchased 100 units for $30 on February 28, and sold 150 units for $4

igomit [66]

Answer:

Ending inventory as at 31 December = $1500

Explanation:

First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.

Jan 31: Purchases = $20 x 100 units = $2000

Remaining inventory:

$20 x 100 units = $2000

Feb 28: Purchases = $30 x 100 units = $3000

Remaining inventory:

$20 x 100 units = $2000

$30 x 100 units = $3000

Sales = 150 units x $45:

$20 x 100 units = $2000

$30 x 50 units = $1500

Remaining inventory

200 - 150 = 50 units x $30 = $1500

Thus,

Cost of Goods Sold = $3500 ($2000 + $1500)

Ending inventory as at 31 December = $1500

3 0

3 years ago

Bradley is sitting on his porch enjoying his very large front yard and drinking a lemonade when Chris, a kid from down the stree

VMariaS [17]

Answer:

c implied contract

Explanation:

4 0

3 years ago

If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will

Ivan

Your answer should be: "There is not enough information to answer." Hope I helped! :)

3 0

3 years ago